CoGoGo are delighted to welcome to the market a highly rated online destination that specialises in selling preowned designer fashion.
The business has built up an excellent reputation and repeat client base within the local community and online.
The business was established by our client in 2020 and has now come to the open market due to other business interests.
Business Activities -
E-commerce business offering a stunning choice of pr-owned designer and vintage ladies’ fashion
Over £60,000 invested developing a brand experience not available on any comparable online site
A sustainable company – passionate about vintage, second-hand fashion and the circular economy
The business searches the UK for the best fashion – which is clear to see on the ranges available on their fantastic website
Selling platform include their own branded site & eBay
Advertising platforms – own website, Facebook & Instagram with 13,000 followers currently
Trademarked
Includes both websites
6 USP’S – Female founder, 100% Female team, A thriving market & circular economy, Proof of concept, Branding customers already love, Scalability
Aim too – Disputably innovate – Pursue creativity & excellence – Create jobs in a tricky post covid world – Inspire a new generation with a positive impact!
Key selling points -
Hybrid model of purchase & consignment
100% positive feedback & customer reviews
Over £60,000 invested developing the brand
Excellent website included
Business handover offered
Opportunity to scale up
The luxury second hand market is growing four times faster than the primary luxury market, at 12% per year versus 3%
The resale market is growing at a rate 11 times faster than traditional retail and should be worth €77 billion by 2025, compared to fast fashion’s predicted worth of €40 billion
The amount of second-hand pieces in consumer’s closets is predicted to grow from 21 percent in 2021 to 27 percent in 2023
eBay store - 671 followers & 4,300 items sold
Instagram – 13,000 followers
Opportunity to reduce current running cost by either running the business from home or adding the brand into an existing E-commerce business model
Scope to improve -
Increase stock range
Social media advertising
Increase the menswear collections
Add vintage accessories
Extend opening hours
Potential Verticals - APP — Expand operations to mobile platform, LUXURY — Partnering with high-end brands, TEEN — Specifically for the Depop generation, ORIGINALS — Reworked & one-off pieces
The sale price includes all the stock. A full breakdown on everything included can be made available upon further request.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £90,000 - £120,000. Further financials can be made available upon request.
